BARK (NYSE:BARK) Releases Earnings Results, Beats Expectations By $0.01 EPS

BARK (NYSE:BARK) released its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01, FiscalAI reports. BARK had a negative net margin of 7.81% and a negative return on equity of 23.45%. The firm had revenue of $98.45 million for the quarter, compared to analyst estimates of $102.63 million.

Here are the key takeaways from BARK’s conference call:

• Company exited the period debt-free after repaying a $45M convertible note, reported Adjusted EBITDA of -$1.6M (in guidance) and generated $1.6M of positive free cash flow.
• Total revenue of $98.4M missed guidance, driven by a deliberate pullback in marketing that reduced the subscriber base and pressures D2C revenue—a trend management expects to continue.
• Margins and diversification improved: consolidated gross margin was 62.5%, D2C GM 66.4%, Commerce GM 46.3%, and BARK Air plus commerce grew to ~23% of revenue with BARK Air up 71% year-over-year.
• Operational and cost actions are reducing cash burn—inventory fell to about $91M, shipping/fulfillment and G&A expenses declined, last-mile delivery moved to Amazon to lower costs, and office downsizing yields >$2M annualized savings.
• Management declined to comment on recent headlines about potential strategic proposals; the call focused solely on quarter results and operational priorities.

BARK Trading Up 4.2%

BARK stock traded up $0.03 on Friday, hitting $0.85. 449,806 shares of the company’s stock traded hands, compared to its average volume of 2,498,806. The stock has a market cap of $145.85 million, a price-to-earnings ratio of -4.25 and a beta of 1.90. BARK has a 1-year low of $0.53 and a 1-year high of $2.04. The stock has a fifty day moving average of $0.73 and a 200-day moving average of $0.80.

Analyst Ratings Changes

A number of research firms have issued reports on BARK. Wall Street Zen lowered shares of BARK from a “hold” rating to a “sell” rating in a research note on Monday, October 27th. Canaccord Genuity Group set a $1.50 price objective on BARK in a research report on Friday. Zacks Research upgraded BARK to a “hold” rating in a research report on Tuesday, January 20th. Finally, Lake Street Capital set a $1.50 target price on BARK in a research note on Friday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, BARK presently has a consensus rating of “Hold” and an average target price of $2.00.

Insider Buying and Selling at BARK

In other news, Director Jim Mcginty sold 60,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $0.63, for a total transaction of $37,800.00. Following the completion of the sale, the director owned 439,384 shares in the company, valued at approximately $276,811.92. This represents a 12.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Henrik Werdelin sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $0.65, for a total value of $32,500.00. Following the sale, the director directly owned 10,890,385 shares of the company’s stock, valued at approximately $7,078,750.25. This represents a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 14.80% of the stock is currently owned by corporate insiders.

Institutional Trading of BARK

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its stake in BARK by 15.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,692,503 shares of the company’s stock valued at $1,489,000 after buying an additional 230,131 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of BARK by 627.8% during the first quarter. AQR Capital Management LLC now owns 154,257 shares of the company’s stock valued at $214,000 after acquiring an additional 133,061 shares during the period. Gabelli Funds LLC lifted its position in shares of BARK by 50.0% in the 3rd quarter. Gabelli Funds LLC now owns 150,000 shares of the company’s stock valued at $125,000 after acquiring an additional 50,000 shares in the last quarter. State of Wyoming boosted its stake in BARK by 40.2% in the 2nd quarter. State of Wyoming now owns 177,988 shares of the company’s stock worth $157,000 after purchasing an additional 51,029 shares during the period. Finally, Shay Capital LLC grew its position in BARK by 133.6% during the 3rd quarter. Shay Capital LLC now owns 4,432,121 shares of the company’s stock worth $3,682,000 after purchasing an additional 2,534,722 shares in the last quarter. Institutional investors and hedge funds own 28.76% of the company’s stock.

BARK Company Profile

BARK is a consumer products and services company focused on the canine market, offering a suite of subscription-based and direct‐to‐consumer offerings designed to meet the everyday needs of dogs and their owners. The company’s core business revolves around carefully curated boxes of toys, treats and chews, which are delivered monthly to subscribers through its flagship BarkBox service. Over time, BARK has expanded its reach beyond subscription, tapping into e-commerce and wholesale channels to broaden its customer base.

In addition to BarkBox, the company operates BarkShop, an online storefront that allows customers to purchase toys, grooming supplies and nutrition products on an a la carte basis.